Break on Through


I have added a Q&A section to the page discussing the fund in the works and will continue to expand it to include additional questions submitted by members. Those members who are accredited investors may learn more by clicking here.

Also, I received many emails regarding the category of annual membership some of you have (charter or not.)  Because (1) it will take time to go back and check, and (2) I’d like to be able to offer an ETA on the proposed fund, I’m postponing the fee increase — probably through the end of the week.

For those who haven’t checked in lately…

The current annual membership price of $950 is going up to $2,500 shortly [why?]  For those monthly, quarterly and semi-annual members planning to renew in the coming months, it pays to grab a charter annual membership now, regardless of whether you’re interested in the fund and regardless of whether the fund comes to fruition.

If you’re a regular annual member, it might also make sense to upgrade to a charter annual membership.  Even if your current membership doesn’t expire for months, the new rate will be higher.  Because it’s impossible for me to know exactly when the fund might be up and running, your membership could expire before you’re able to take advantage of the perks for annual members.

And, if you upgrade to a charter membership, you wouldn’t have to worry about future fee increases if, say, the fund launch is delayed or you decide not to participate.  And, as mentioned above, you’d be eligible for a rebate of your fees anyway if you end up subscribing to the fund.  So, your downside is pretty limited.

As always, any new membership will simply be tacked on to the end of your existing monthly, quarterly, semi-annual or annual membership.

If you’re already a charter annual member, do nothing.  You’re golden.  Your annual rate is locked in for the life of the site and you’re already eligible for all the perks for the proposed fund.  The only thing left to do is forward membership information to every investor in your address book.

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In the words of that prescient market technician from the 60’s…

You know the day destroys the night
Night divides the day
Tried to run,
Tried to hide
Break on through to the other side
Break on through to the other side
Break on through to the other side, yeah…

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We started yesterday’s session wondering whether the reversal at the red .786 would lead to a downturn or was Point B in a Butterfly Pattern. From the initial post:

As we discussed last week, the reversal at the red .786 could be the full extent of a corrective wave on the way lower (the B wave in an A-B-C)  that is meant to test the bottom of the white or purple channels.  But, it could also be the Point B in a Butterfly Pattern targeting 1531 or 1540.

We spent the day harvesting several 7-pt moves, waiting for some kind of breakout or breakdown. With a few minutes to go before the close, the markets approached the neckline of the Inverted Head & Shoulders Pattern we’ve been watching for the past week (dashed yellow line below.)

The technical picture was mixed, but we went with the IH&S and went full long at 1525 as was our plan [After the Funding’s Gone – 1:45PM update.]    Thirteen points later and from this side of 1530, it was obviously the right move.  But, it wasn’t quite so obvious at the time.

Now that we’ve broken on through to the other side, the question is “what’s next?”

continued for members


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